Invesco QQQ (NASDAQ:QQQ) Holdings Boosted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,378 shares of the exchange traded fund’s stock after acquiring an additional 637 shares during the period. Alpha Cubed Investments LLC’s holdings in Invesco QQQ were worth $11,440,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in QQQ. Northeast Investment Management raised its stake in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp raised its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Skyline Advisors Inc. grew its stake in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6 %

NASDAQ QQQ opened at $524.80 on Wednesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a 50-day simple moving average of $516.10 and a 200 day simple moving average of $492.33.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.